EURGBP

The pound surged Tuesday as a stronger-than-expected labor market is expected to give the Bank of England the green light to continue hiking rates ahead of the record U.K. inflation report expected Wednesday. 

As long as the EURGBP pair stays below 0.8488 on a daily basis, we will follow the support level at 0.8415. On the other hand, if the price goes beyond 0.8488, the resistance level will be at 0.8415.


Support: 0.8415
Resistance: 0.8488 - 0.8535 - 0.8626

18 May 22 (Wed)

12:16 am